Vietnam’s Garment 10 Corporation has been producing medical face masks and cloth masks with ten production lines being installed for the purpose, according to its director Than Duc Viet, who recently said the medical face mask M10 Pro would be launched on April 15. The company has received an export order for 400 million medical face masks worth $52 million.
This order would make up for 30 per cent of the company's estimated revenue this year, he was quoted as saying by Vietnamese media reports.Vietnam's Garment 10 Corporation has been producing medical face masks and cloth masks with ten production lines being installed for the purpose, according to its director Than Duc Viet, who recently said the medical face mask M10 Pro would be launched on April 15. The company has received an export order for 400 million medical face masks worth $52 million.#
The company has also received orders for 20 million cloth masks from a US partner and two million cloth masks and six million medical face masks from a German buyer.
Garment 10 has switched to medical masks to cope with a fall in orders—estimated at 30 per cent in April and 60 per cent in May and June—due to the impact of the COVID-19 pandemic.
During the past month, Garment 10 produced 5 million cloth masks, earning a revenue of $1.5 million.
In the best scenario in which the pandemic gets over in April, the company would see a fall of 11.05 per cent in revenues and 20 per cent in pre-tax profit. In the worst scenario, its revenue would drop by 26 per cent and profit by 39 per cent.
Fibre2Fashion News Desk (DS)
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